Ann: More Striking Gold Intercepts at Boorara, page-14

Hi Chill

This has to be one of the easiest to understand stocks I've had to deal with. It's clearly commercial ... only unkowns are 1) how much gold is there and 2) what percentage can be profitably mined.

Witts 2.0 has got all of the attention, that's for sure ... a plain vanilla gold play doesn't capture the imagination in the same way. That said, I think there will be a lot of losers playing that game... really, NOVO has the best bits all stitched up. I haven't followed too closely but my impression is there might be a layer of conglomerates all over the place but the only bits that actually will be mined are the very near surface deposits... anything with more than a few metres of cover might never be mined. Looks like a grand game of pass the parcel for most of the hopefuls imo.

As far as interest on HC ... frankly I don't mind a quiet little stock without all the usual rah rah.